A wiki is any collaborative website that can be edited by anyone. It thus becomes a central location where a community, organisation (such as a library) or group of individuals can communicate, coordinate and share ideas and activities. It can thus reduce the need to send out information etc to all concerned individuals by having the individuals all touch base at the one location. For project management it could be invaluable as it provides a venue for brain storming ideas and coordinating activities where the individuals concerned may not have the opportunity to get to gether physically.
I feel that in the library situation that wikis would be of most use as organisational staff tool. Especially where there are many branches and staff are spread geographically. It is a good way for people to put their ideas and experience into a place where everyone concerned or interested can access it. Wikis could also be used to coordinate patron group activities such a book groups, interests groups etc.
Wikis are a great way to collaborate information especially when some of your team members can't make meetings or are based in remote locations. A great communication tool regardless if its in a work sense or a social sense such as book groups as you mentioned.
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